Rite Aid Must Sell Eight Stores in N.Y.

Albany, N.Y. - June 5 - Rite Aid Corp., which on Monday closed a nearly $4 billion cash-and-stock deal to acquire more than 1,850 Brooks and Eckerd locations, must sell eight stores in New York under a settlement reached with New York Attorney General Andrew Cuomo.

Cuomo said an investigation found that in some parts of the state consumers might not have been getting the best prices they could on some prescriptions because Rite Aid and Eckerd stores were often the only chain drug stores available for cash payments.


Source:http://www.chainstoreage.com/story.cfm?ID=95011IUI&RefPage=Homepage